This month’s news illustrates the continual tension in global tax between the desire to converge with international norms, as seen in the recent Nigerian and Kenyan announcements, and the wish to protect the domestic tax base with bespoke rules like the Australian GAAR and Canadian MDR rules. The advocate general has issued an opinion in the Engie case which, if followed by the CJEU, could have significant implications for other Commission decisions. In a significant milestone for ‘fit for 55’ in the EU, the new CBAM and revised ETS have now been formally adopted. Finally, Lithuania is the latest member state to take steps to transpose the EU public country-by-country reporting rules into domestic law.
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This month’s news illustrates the continual tension in global tax between the desire to converge with international norms, as seen in the recent Nigerian and Kenyan announcements, and the wish to protect the domestic tax base with bespoke rules like the Australian GAAR and Canadian MDR rules. The advocate general has issued an opinion in the Engie case which, if followed by the CJEU, could have significant implications for other Commission decisions. In a significant milestone for ‘fit for 55’ in the EU, the new CBAM and revised ETS have now been formally adopted. Finally, Lithuania is the latest member state to take steps to transpose the EU public country-by-country reporting rules into domestic law.
If you are not a subscriber, subscribe now to read this content.
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